JPY - Currency Hedger

Currency Hedger June 4, 2026 No Comments

USD/JPY Price Trades below 160.00 intervention threshold; bullish bias intact

USD/JPY retreats from over a one-month high set on Thursday, though it lacks follow-through.
The Israel-Lebanon ceasefire weighs on the USD and the currency pair amid intervention fears.
The bullish technical setup warrants some caution before positioning for any corrective decline.

The USD/JPY pair attracts some sellers during the Asian session on Thursday amid fears that authorities will step in again to prop up the Japanese Yen (JPY). Furthermore, the Israel-Lebanon truce prompts some profit-taking around the US Dollar (USD) and exerts downward pressure on the currency pair.

Spot prices, however, lack follow-through and remain close to the 160.00 psychological mark or over a one-month high set earlier today. Economic concerns stemming from the Middle East conflict hold back the JPY bulls from placing aggressive bets. Adding to this, the uncertainty over US-Iran peace talks, along with hawkish US Federal Reserve (Fed) expectations, acts as a tailwind for the USD and contributes to limiting the downside for the USD/JPY pair.

Spot prices retain a constructive near-term tone within an upward-sloping channel. The lower boundary of the said channel coincides with the 200-period simple moving average (SMA), which acted as a tailwind for the USD/JPY pair on Wednesday. Meanwhile, the Relative Strength Index (RSI) hovers above the midline, suggesting modest bullish momentum even as the Moving Average Convergence Divergence (MACD) flattens slightly below zero.

Momentum indicators hint at a slower advance rather than a sharp reversal. Hence, any corrective pullback might continue to attract fresh buyers near the 159.45 confluence support. A convincing break, however, might prompt some technical selling and pave the way for deeper losses. As long as buyers defend this support band above 159.44, the broader bias stays tilted higher, and a renewed push toward the channel top at 160.14 remains the primary topside scenario.

(The technical analysis of this story was written with the help of an AI tool.)

USD/JPY 4-hour chart

Japanese Yen Price Last 30 days

The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies last 30 days. Japanese Yen was the strongest against the Canadian Dollar.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		0.71%	0.76%	1.66%	2.05%	0.54%	-0.02%	0.83%
EUR	-0.71%		0.06%	0.97%	1.36%	-0.20%	-0.70%	0.17%
GBP	-0.76%	-0.06%		0.92%	1.29%	-0.23%	-0.76%	0.12%
JPY	-1.66%	-0.97%	-0.92%		0.35%	-1.16%	-1.66%	-0.82%
CAD	-2.05%	-1.36%	-1.29%	-0.35%		-1.50%	-2.00%	-1.16%
AUD	-0.54%	0.20%	0.23%	1.16%	1.50%		-0.54%	0.39%
NZD	0.02%	0.70%	0.76%	1.66%	2.00%	0.54%		0.89%
CHF	-0.83%	-0.17%	-0.12%	0.82%	1.16%	-0.39%	-0.89%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Japanese Yen from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent JPY (base)/USD (quote).

Currency Hedger June 4, 2026 No Comments

EUR/JPY Price Holds modest gains above 185.50, bullish bias remains intact

EUR/JPY trades with mild gains near 185.65 in Thursday’s early European session.
The cross keep a modest bullish bias above the key 100-day SMA.
The first upside barrier emerges at 186.00; the initial support level is seen at 185.15.

The EUR/JPY cross posts modest gains around 185.65 during the early European session on Thursday. The potential upside might be limited for the cross amid fears of foreign exchange intervention from Japanese authorities.

Japan’s Finance Minister Satsuki Katayama said on Wednesday that officials are standing ready to respond appropriately on foreign exchange if required. Katayama added that she aligns with the Bank of Japan (BoJ) governor on several matters.

On the other hand, the hawkish stance of the European Central Bank might help limit the EUR’s losses. The ECB is likely to raise its deposit rate to 2.25% at its upcoming June policy meeting, with another increase likely in September, a Reuters poll of economists showed.

Technical Analysis:

In the daily chart, EUR/JPY trades at 185.64, holding a modest bullish bias as it consolidates above the Bollinger middle band around 185.15 and the 100-day simple moving average (SMA) near 184.48. The pair is trading closer to the upper half of its recent Bollinger envelope, with the upper band near 186.02 acting as immediate overhead resistance, while the Relative Strength Index (14) around 55 suggests steady but not overstretched upside momentum.

On the topside, a daily close above the Bollinger upper band at 186.02 would open the way for a continuation of the advance toward higher highs in the coming sessions. On the downside, initial support is seen at the Bollinger middle band near 185.15, followed by the 100-day SMA at 184.48 and the lower Bollinger band around 184.28, where buyers would be expected to re-emerge if the current pullback deepens.

Currency Hedger June 3, 2026 No Comments

USD/JPY Price Forecast: Bulls turn cautious near 160.00 amid rising intervention risk

USD/JPY pauses for a breather as a fresh intervention warning helps limit JPY losses
Economic risks stemming from the Middle East conflict cap the JPY and support the pair.
The bullish USD sentiment backs the case for further gains amid a constructive setup.

The USD/JPY pair enters a bullish consolidation phase on Wednesday, oscillating in a narrow range just below the 160.00 psychological mark, or a one-month high touched during the Asian session. Verbal intervention by Japan’s Finance Minister Satsuki Katayama offers some support to the Japanese Yen (JPY), which, along with a subdued US Dollar (USD) price action, caps spot prices.

However, economic concerns stemming from the conflict in the Middle East and the effective closure of the Strait of Hormuz hold back the JPY bulls from placing aggressive bets. In contrast, the lack of breakthrough in US-Iran peace negotiations, along with hawkish US Federal Reserve (Fed), acts as a tailwind for the safe-haven US Dollar (USD) and helps limit downside for the USD/JPY pair.

From a technical perspective, this week’s move beyond the 78.6% Fibonacci retracement level of the late April-early May downswing comes on top of the recent solid bounce from the 200-day Exponential Moving Average (EMA) and favors bulls. Adding to this, the Relative Strength Index (RSI) around 61 suggests firm but not overextended upside momentum. Moreover, the Moving Average Convergence Divergence (MACD) remains in positive territory, hinting that buyers still retain control despite the proximity of recent cycle highs.

On the topside, immediate resistance is aligned with the late April swing high near 160.78, where a clear break would reopen the path toward fresh highs. On the downside, initial support is seen at the 78.6% retracement at 159.55, followed by the 61.8% level at 158.58 and the 50% retracement at 157.90. Deeper pullbacks would look to the 38.2% level at 157.22 and the 23.6% retracement at 156.38, ahead of a stronger demand area created by the 200-day EMA at 155.77 and the structural floor near 155.03.

(The technical analysis of this story was written with the help of an AI tool.)

USD/JPY daily chart

Currency Hedger June 3, 2026 No Comments

EUR/JPY Price Forecast: Declines below 186.00 amid intervention fears, but bullish vibe prevails

EUR/JPY edges lower to near 185.90 in Wednesday’s early European session.
Japan’s Katayama said the authorities are standing ready to respond appropriately to foreign exchange.
The positive view for the cross remains intact above the key 100-day EMA, with bullish RSI momentum.
The first upside barrier emerges at 186.10; the initial support level to watch is 185.08.

The EUR/JPY cross trades in negative territory around 185.90 during the early European trading hours on Wednesday. The Japanese Yen (JPY) gathers strength against the Euro (EUR) as traders are on alert for intervention from Japanese officials.

Japan’s Finance Minister Satsuki Katayama said on Wednesday that the authorities are ready to act on the foreign exchange if required, adding that she aligns with the Bank of Japan (BoJ) governor on several matters.

Technical Analysis:

In the daily chart, EUR/JPY holds a constructive bullish bias as price trades above the Bollinger middle band around and comfortably over the 100-day simple moving average (SMA), suggesting the broader uptrend remains intact. The latest Relative Strength Index (RSI) reading at 58.43 sits in positive territory without being overbought, hinting that bullish momentum persists but has not yet reached exhaustion.

On the upside, the immediate resistance level is now aligned with the Bollinger upper band near 186.10, en route to the April 29 high of 187.42. On the other hand, the mid-line around 185.08 reinforcing a nearby demand zone. The next crucial contention level is located near the 100-day SMA at 184.47 and the lower Bollinger band close to 184.07.

Currency Hedger June 2, 2026 No Comments

AUD/JPY Price Forecast: Strengthens above 114.00, bullish bias holds above key technical support

AUD/JPY gathers strength to near 114.35 in Tuesday’s early European session.
The constructive outlook for the cross prevails above the key 100-day EMA, with bullish RSI momentum.
The first upside barrier emerges at 114.75; the initial support level is seen at 113.85.

The AUD/JPY cross trades in positive territory around 114.35 during the early European session on Tuesday. Traders will closely monitor the developments surrounding the Middle East ceasefire amid mixed signals from US President Donald Trump.

Trump stated early Tuesday that he believes an agreement to reopen the Strait of Hormuz and extend the ceasefire with Iran is reachable “over the next week.” On Monday, US President shrugged off the possible collapse of peace negotiations with Iran, saying, “I don’t care if they’re over, honestly.”

The likelihood of stronger verbal intervention from Japanese authorities might help limit the Japanese Yen’s (JPY) losses. Finance Minister Satsuki Katayama said on Tuesday the officials stood ready to respond in the currency market as needed and refrained from commenting on recent exchange-rate moves.

The speech by Bank of Japan (BoJ) Governor Kazuo Ueda will be the highlight later on Wednesday. Ueda could offer some hints as to whether the central bank will proceed with a rate increase the following week.

Technical Analysis:

In the daily chart, AUD/JPY holds a bullish near-term bias as spot remains well above the 100-day simple moving average (SMA) and the Bollinger middle band. Price is pressing the upper side of the recent consolidation, while the Relative Strength Index (RSI) at 57.46 stays in positive territory without yet signaling overbought conditions, suggesting buyers still retain control but with reduced momentum compared to the prior peak.

On the topside, immediate resistance is aligned with the Bollinger upper band at 114.75, and a daily close above this barrier would open the way for a continuation of the broader uptrend. On the downside, initial support emerges at the Bollinger middle band around 113.85, ahead of the lower band at 112.98, with the 100-day SMA at 111.30 acting as a deeper structural floor that would need to give way to materially challenge the prevailing bullish structure.

Currency Hedger June 1, 2026 No Comments

USD/JPY Price Forecast: Yen languishes amid growing BoJ rate hike uncertainty

USD/JPY rises to near 159.45 as BoJ rate hike uncertainty weakens Japanese Yen.
The BoJ SoP of the April meeting showed that most policymakers expressed the need to raise interest rates in the near term.
Investors await the US NFP data for fresh cues on the Fed’s monetary policy outlook.

The USD/JPY pair trades 0.12% higher at around 159.45 during the early European trading session on Monday. The pair gains as the Japanese Yen (JPY) broadly underperforms amid uncertainty regarding whether the Bank of Japan (BoJ) will raise interest rates in the policy meeting on June 16.

Japanese Yen Price Today

The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the weakest against the British Pound.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		0.05%	-0.10%	0.13%	0.07%	-0.07%	0.28%	0.21%
EUR	-0.05%		-0.14%	0.04%	0.02%	-0.07%	0.24%	0.14%
GBP	0.10%	0.14%		0.19%	0.15%	0.02%	0.38%	0.27%
JPY	-0.13%	-0.04%	-0.19%		-0.03%	-0.18%	0.18%	0.08%
CAD	-0.07%	-0.02%	-0.15%	0.03%		-0.15%	0.21%	0.12%
AUD	0.07%	0.07%	-0.02%	0.18%	0.15%		0.30%	0.25%
NZD	-0.28%	-0.24%	-0.38%	-0.18%	-0.21%	-0.30%		-0.09%
CHF	-0.21%	-0.14%	-0.27%	-0.08%	-0.12%	-0.25%	0.09%

Higher oil prices due to the Middle East crisis-led energy supply shock have raised uncertainty over the Japan’s economic outlook.

Former BoJ Deputy Governor and current member of Japan’s Council on Economic and Fiscal Policy, Masazumi Wakatabe, said last week said in a meeting that it is important to understand whether the economy can withstand tighter monetary conditions, Reuters reported.

However, the BoJ Summary of Opinions (SoP) of the April policy meeting showed that a majority of policymakers supported an interest rate hike in the near term, while warning of high inflation risks.

Meanwhile, the US Dollar (USD) trades slightly higher at the start of the United States (US) Nonfarm Payrolls (NFP) data week. Investors will closely monitor the data to get fresh cues regarding the Federal Reserve’s (Fed) monetary policy outlook. In Monday’s session, investors will focus on the US ISM Manufacturing PMI data for May, which will be published at 14:00 GMT.

USD/JPY technical analysis

USD/JPY trades higher at around 159.45 at press time. The pair maintains a bullish near-term bias as spot holds above the 20-day Exponential Moving Average (EMA) at 158.84, keeping the recent uptrend structure intact.

The Relative Strength Index (RSI) around 58 stays in positive territory without yet signaling overbought conditions, which suggests buyers still retain the initiative while upside momentum is steady rather than stretched.

On the downside, initial support is located at the 20-day EMA near 158.84, where a daily close below would hint at a deeper corrective phase and expose lower levels on the chart towards 158.00. On the upside, the pair could advance towards an almost two-year high of 160.73 if it manages to decisively break above the May 28 high at 159.65.

Currency Hedger June 1, 2026 No Comments

EUR/JPY Price Forecast: Edges lower from upper descending channel top around 186.00

EUR/JPY may retest the upper boundary of the descending channel around 186.00.
The 14-day Relative Strength Index of 57 suggests upward momentum should persist.
The primary support appears at the nine-day EMA at 185.33.

EUR/JPY steadies after six days of gains, trading around 185.70 during the Asian hours on Monday. The currency cross is maintaining a constructive bullish bias as it holds above both the nine-day and 50-day Exponential Moving Averages (EMAs).

The alignment of price over short- and medium-term moving averages hints at sustained underlying demand, while the 14-day Relative Strength Index (RSI) around 57 stays in positive territory without yet signaling overbought conditions, suggesting upside pressure could persist as long as these floors remain intact.

The technical analysis of the daily chart suggests the EUR/JPY cross is positioned near the upper boundary of the descending channel pattern around 186.00. The sustained break above the channel would indicate bullish confirmation. Further advance would support the EUR/JPY cross to explore the region around the all-time high of 187.95, recorded on April 17.

On the downside, the primary support lies at the nine-day EMA at 185.33, followed by the 50-day EMA of 184.98. A break below moving averages would revive the bearish bias and put downward pressure on the EUR/JPY cross to navigate the region around the three-month low of 181.87, recorded on March 16, followed by nearly six-month low of 180.81, reached on February 12.

Euro Price Today

The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the weakest against the British Pound.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		0.10%	-0.04%	0.13%	0.08%	-0.02%	0.31%	0.28%
EUR	-0.10%		-0.12%	0.00%	-0.02%	-0.07%	0.23%	0.16%
GBP	0.04%	0.12%		0.15%	0.10%	-0.02%	0.33%	0.27%
JPY	-0.13%	0.00%	-0.15%		-0.03%	-0.13%	0.21%	0.14%
CAD	-0.08%	0.02%	-0.10%	0.03%		-0.11%	0.23%	0.18%
AUD	0.02%	0.07%	0.02%	0.13%	0.11%		0.28%	0.27%
NZD	-0.31%	-0.23%	-0.33%	-0.21%	-0.23%	-0.28%		-0.05%
CHF	-0.28%	-0.16%	-0.27%	-0.14%	-0.18%	-0.27%	0.05%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).

Currency Hedger June 1, 2026 No Comments

Yen Stays Weak Near Key Intervention Threshold

The Japanese yen traded around 159.5 per dollar on Monday, remaining under pressure and hovering near the closely watched 160 level that previously triggered official intervention to support the currency. Data released on Friday showed that Japanese authorities spent ¥11.7 trillion intervening in foreign exchange markets in late April, confirming widespread market speculations. On the policy front, investors remain divided over whether the Bank of Japan will deliver another interest rate hike this month, as policymakers weigh growing uncertainties linked to tensions in the Middle East. Market participants are now awaiting remarks from BOJ Governor Kazuo Ueda later this week for further insight into the central bank’s policy outlook. Meanwhile, Japan’s capital spending was unchanged in the first quarter compared with a year earlier, pointing to a slowdown in corporate investment and raising concerns about the strength of domestic economic momentum.